you can guess that some major holders were not too happy to see the stock down at these levels for no other reason than a few funds distributing shares. the PR indicates business is very, very strong with their clients and investments had to be accelerated due to the strength. Going forward, the infrastructure will be in place and a greater percentage of the revenues will flow to the bottom line.

there is plenty to like entering 2012. you know Q4 2011 will be fine (maybe a little below the low guidance point or maybe right at the low), but that is still very strong. also, you know the company's clients are truly ramping up and there are more deals out there have yet to be announced.

remember PFSW is a small company. It takes very little to move the needle. just as the expenditures being made now affect the ebitda for Q4 a bit, the benefits will be felt later in 2012.

it is all about scaling the operations with higher revenues to more than offset fixed costs. the salries of execs are relatively fixed. as revenues go higher, the expenses associated with admin, etc. are fixed and get more easily absorbed. the key is to drive revenues beyond the point where leverage tilts in favor of the company.

Yahoo! Finance Worldwide

Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.